Since the net value of leveraged ETF products CRV3L and ADA3S are lower than 0.05 USDT, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of CRV3L and ADA3S at 15:00 (UTC+8), October 20.
The 10 shares of CRV3L and ADA3S will be merged into 1 share respectively. Consequently, the net value per share of CRV3L and ADA3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
October 20, 2020